Montenegro - Business & Investment - Montenegro Citizenship-by-Investment Programme
Although geographically in Europe, Montenegro is not yet part of the EU (although it is a Schengen country). Montenegro is striving to meet the EU requirements for accession and its membership is expected in 2025. Once an EU member, citizens of Montenegro will have the same rights as other EU citizens including the right to reside freely within EU member states.
The Montenegro Citizenship Investment Program (CIP) allows for the granting of citizenship to individuals and their families. The program is a six-month process that has two requirements for the main applicant, including:
1. Property
Fulfil one of the following property requirements:
- Minimum investment of €450,000 in a government-approved real estate project in the southern coastal part of Montenegro or in the capital city of Podgorica; OR
- Minimum investment of €250,000 in a government-approved real estate project in the northern part of Montenegro.
2. Contribution
In addition to the above real estate investments, both options also require all CIP investors to make a non-refundable contribution of €100,000 to the Government Fund of Montenegro which will be used to improve the north of the country in general and in particular the infrastructure.